What You Need to Know at Tax Time

Important tax tips from Graeme Treeby of the Special Needs Planning Group.

As the parent of a child with special needs, it’s possible you’re paying more taxes than you should be. Many parents are missing the most beneficial tax breaks simply because they—or their tax preparers—are not aware of the credits and deductions that are available. This tax tips article for 2016 taxation year is a compilation of tax information that relates specifically to people with disabilities and their families. It is a guide to enlighten people regarding the options that may be available to them, and references the Disability Tax Credit, Caregiver Tax Credit and the methods of re-filing returns for missed tax credits for the past 10 years.